assessments News

Texas Seeks Property Insurers’ Catastrophe Area Premium Data

The Texas Department of Insurance (TDI) has issued a special data call to companies writing direct commercial property or business owners insurance in Texas during calendar year 2016, seeking information that would help the Texas Windstorm Insurance Association calculate participation …

Failed Oklahoma School Insurance Coop Seeks Payments

Some Oklahoma school officials say efforts by a failed school insurance cooperative to collect about $720,000 to pay current and expected claims and debts would create a financial hardship and may be illegal. The Oklahoma Schools Property/Casualty Cooperative has sent …

Louisiana Property Policyholders Urged to File for Citizens Insurance Rebate

Louisiana Insurance Commissioner Jim Donelon is once again reminding property insurance policyholders that tax season is one of the easiest times to claim the Louisiana Citizens Property Insurance Assessment rebate. At a joint press conference, Donelon and Louisiana Department of …

Debit Cards Used for Refunds, Including Louisiana Citizens Rebates

After trying to help her homebound mother use her state refund, Barbara Ewell is convinced Louisiana’s new prepaid debit card program was set up with banks rather than people in mind. “I’ve found it incredibly complicated,” said Ewell, an English …

North Carolina Property Insurance Surcharges Unlikely After Irene

Every property owner in North Carolina has a financial stake in the damage risk posed by Hurricane Irene, which could become the first to hit the state since a new method of paying for coastal storm damage allowed for reaching …

Arch Estimates NZ Quake Loss at $35-$70 Million; Assessing Japan

The Bermuda-based Arch Capital Group announced that the Company’s 2011 first quarter results will be negatively impacted by the New Zealand earthquake, which occurred in February 2011, in the range of $35 million to $70 million, net of reinsurance and …

Florida Charities, Businesses Call for End to Hurricane Premium Taxes

A coalition of Florida charitable and business groups is pressing the state to eliminate assessments charged all policyholders to subsidize the state-backed insurance provider and hurricane claims fund. In a letter to Gov. Rick Scott, the groups called on him …